Low Income Investment Fund Announces Promotion of Kimberly Latimer-Nelligan to President
Key Executive’s Elevation Enhances Capacity and Positions LIIF for Growth
San Francisco, Calif. – The Low Income Investment Fund (LIIF) has announced the promotion of Kimberly Latimer-Nelligan to the role of President. Daniel A. Nissenbaum will retain the CEO role, working with LIIF’s board of directors to develop the vision, industry leadership and strategic direction that will achieve LIIF’s mission. This change will enable LIIF, which has invested more than $2.5 billion to serve more than two million people, to achieve further growth and continued success.
“Kim’s vision and drive over the past 11 years have spurred much of LIIF’s programmatic and geographic growth, including launching our fresh foods, health, and housing initiatives, as well as the opening of our offices in Washington, D.C. and Atlanta,” said LIIF CEO Daniel A. Nissenbaum. “This promotion recognizes Kim’s value to the organization and her span of responsibility, and creates more opportunities for our team members. Our recent investment grade rating from S&P was driven in large part by the strong performance by Kim’s teams. I look forward to our continued partnership.”
“Kim has been a strong leader at LIIF, with a remarkably entrepreneurial spirit, which will position LIIF for success in its next phase of growth,” said Derek R. B. Douglas, LIIF’s board chair and vice president for civic engagement and external affairs at the University of Chicago. “The Board is thrilled to have Kim in this role to build on her track record of success and commitment to LIIF’s mission.”
As CEO, Mr. Nissenbaum will continue to lead LIIF’s strategy, sustainability and people. As President, Ms. Latimer-Nelligan will implement LIIF’s strategy and grow its business, including continuing to oversee LIIF’s lending activities and programmatic growth and developing new lines of business.
Ms. Latimer-Nelligan joined LIIF in 2008 and previously served as its Chief Operating Officer and Executive Vice President of Community Investment Programs. Ms. Latimer-Nelligan’s background in community development is extensive. Prior to LIIF, she worked with Citibank for more than 20 years, most recently as the Managing Director of National Lending and Investments, overseeing a $3 billion business within Citibank Community Development. During Ms. Latimer-Nelligan’s tenure at Citibank, Citi’s national lending, structured finance and equity investments for community development were consolidated under her leadership.
While at LIIF, Ms. Latimer-Nelligan has overseen lending activities that reached a high watermark of $300 million deployed in underserved communities last year. She has also led the expansion of lending programs in the mid-Atlantic and Southeastern U.S., and has worked to expand LIIF’s national early care and education work, which has created 271,000 spaces in childcare facilities. Ms. Latimer-Nelligan received her B.A. from Hobart and William Smith Colleges and her M.B.A. from Columbia University. She serves as the board chair of the Community Reinvestment Fund and on the boards of Raza Development Fund and the National Affordable Housing Trust.
The Low Income Investment Fund (LIIF) invests capital to support healthy families and communities. Since 1984, LIIF has served more than two million people by providing $2.5 billion in financing and technical assistance. Over its history, LIIF has supported efforts to create and preserve 78,000 units of affordable housing; 271,000 child care spaces; 98,000 spaces in schools; and 36 million square feet of community facilities and commercial space. LIIF’s work has generated $65.1 billion in family income and societal benefits. LIIF has offices in San Francisco, Los Angeles, New York City, Washington, D.C. and Atlanta. www.liifund.org